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China is a Major Holder of Commodity ETFs

February 9, 2010
By Jordan Roy-Byrne CMT

According to Bloomberg, SEC filings as of February 5th, reveal that China is the 4th largest owner of USO, the Oil ETF. China also owns 0.4% of GLD, which amounts to an investment of $155 Million.

Bloomberg also reports that China is eying investments into companies. They are interested in the iron-ore producers in Brazil as well as the silver producers in Mexico.

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Jordan Roy-Byrne CMT Jordan Roy-Byrne CMT

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